The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-28
FINANCE and COMMERCE.
HONEY 9 TO 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Firm - Middling Cotton,
11c-Sales Yesterday, 775
Bales.
APPEAL OFFICE,
MEMPHIS. TENN. MAY u, 1887


The money market remains quiet,
but the banks report better demand and a
steadier feeling; loans being quoted at from
to per cent. Funds are plentiful ana
more than sufscient for all business pur-
poses. Exchange is steady and unchanged.
There was not much interest shown in the
market for local securities. the tone being
dali, and with little disposition to operate
manifested. There were q few bids and offer
ings, and quotations were a shade lower.
The local cotton market continues firm
niddling advanced from 1926 to lie. and us
bales were sold, the unsold stock being $3.50
bales.
Middling at New Orleans is quoted at 1Cssc,
with sales Of $50 bales. These figures make
Memphis middliDg ssc higher than New Or
leans, and with Memphis selling 425 more
bales. The sales for the past week here we're
300 bales-all TO spinners. At New York
spots advanced &c today; middling, 1114c.
Futures were firm, from 10 to 20 points
higher for the old crop and to
points higher for the new. The
New York exchange will bs closed
today and on Monday. The New Orleans
spot market is steady and unchanged, with
futures steady and to points higher on
the old crop, and from to points higher
on the new. The New Orleans Cotton Ex-
change will be closed today and on Monday.
The Liverpool spot market was quoted firm,
fair demand, midding, 5 10 I'D futures
steady and up point, May SD sellert.
Today, Monday and Tuesday will be holt
days at the Cotton Exchange-Whitsunti
At Manchester today yarns and cloths
were dull in buyers favor.
A leading NewYork cotton circuIar say
Of the future market: "1he market con-
tinued subject almost wholly to the manipu- |
lation of the bull syndicate, making an
other tree advance Cd the old crop, rates
showing at one time 2@21a points above last
evening. Offerings continue principally Of
long cotton on the lear months, but on the
new crop there was more inclination to sell
short, even on an advance of only about
half at shown for near options. At the
close trading was lighter and extreme rates
ofthe day seemed modified"
At the New Orleans Cotton Exchange on
Wednesday cotton plant with several
blooms about opening was exhibited. The
Plant came from the Esperance plantation of
W. Satterdeld, New Iberia, La.
Tie general market is quiet. Wheat is
steady, corn rather tending demand and pre-
visions very firm in the leading markets.
There will be no session of either Chicago or
st. Louis Boards Of Trade on Monday, it
being holi aJ-Federal Decoration Day.
The rice market is ruling busyant and
strong and tending higher, with reduced
stocks, The sugar market rules firm, with
small stocks. The heavy advance in coffee
has given rise to an extensive speculative
movement, which, based on an actual and
Serious shortage in the Rio coffee crop, has
pat the price Of the bean up to figures
ever reached before, and which
promise TO be maintained for quite long
period, if not further advanced. The prin-
'ipal operators are located in Rio, New York
lad Havre, and have formed Il powerful
syndicate or ring.
IMPORTS.
Three hundred and eighty ,ks ban, 6
Drls beans and peas, 3 pkgs butter, IS pkgs
bacon, 1000 bu corn, 426 SKIS cotton seed, 10
,dls 90 e Jon ties, So pkgs dry goods, 80 brls
. pkgs lard, $1,000 fest lumber, 81 pkgs
liquors, 1000 bu oats, 107 brls potatoes, 6 cars
PORK sides, 70 brls sugar, liz pkgs tobacco
md eco bu wheat.
ELEVATOR REPORTS.
The following shows the amount of grain I
received, withdrawn and in store by regular
elevators, as reported to the Merchants tx
,hange yesterday; COrn-received, 1881 bu;
withdrawn, 62l0 bu; in st re. IS. 322 bu.
SIS bu; Withdrawn, 1880 bu;
n store, $3.50 Gu.